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HRC steel: European buyers continue to hold back from trading
Trading in the European hot rolled coil (HRC) market remained at a standstill as buyers focused on reducing inventories amid downward expectations. The HRC market in Northern Europe remained quiet, with distributors and steel service centres not interested in making...
Copper: Peru maintains second producer position but investment pipeline stalled
Peru is maintaining its place as the world's number 2 copper producer and supplier, with a rebound in mining activity that has helped the country stay ahead of rival Democratic Republic of Congo (DRC). The South American nation saw production of the red metal increase...
Aluminium: China Hongqiao transfers 1.5 million tonnes of capacity to Yunnan
China Hongqiao Group has relocated 1.5m tonnes of aluminium smelting capacity to the south-west of the country, where it plans to move 4m tonnes by the end of 2025 to take advantage of low-carbon energy. Ron Knapp, special advisor to the company, said this will reduce...
Copper: Barrick to double production to 1 billion lbs by 2031
Barrick Gold is banking on its growth portfolio to double copper production to 1 billion pounds of copper by 2031. President and CEO Mark Bristow said the increase in copper, added to gold production, will bring total production to 6.8 million ounces of gold...